Category: Market Summary
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks turned in a relatively lackluster performance during trading on Wednesday but managed to end the day mostly higher. With the upward move, the Nasdaq and the S&P 500 both closed higher for the fifth consecutive session. The major averages bounced back and forth across the unchanged line before closing in positive territory. The Dow…
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UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More
UBS Group AG (NYSE:UBS) – UBS reported a net profit of $1.136 billion in Q2, exceeding the $528 million forecast. Revenue also surpassed expectations, reaching $11.904 billion. Despite lower profits compared to Q1, the bank highlights progress in cost reduction and Credit Suisse integration, expecting $7 billion in gross savings by year-end. The bank is…
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Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More
Dell Technologies (NYSE:DELL) – Dell Technologies’ shares have plummeted nearly 50% since May, driven by concerns over profit margins and Intel’s struggles. Melius Research analyst Ben Reitzes believes that despite the decline, Dell’s stock could present a buying opportunity, particularly if the company shows improvements in margins and profitability. Shares rose 3.3% in pre-market trading.…
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U.S. Stocks Fluctuate Before Closing Little Changed
Stocks fluctuated over the course of the trading session on Monday before eventually ending the day little changed. The major averages bounced back and forth across the unchanged line and finished the session narrowly mixed. While the Dow dipped 140.53 points or 0.4 percent to 39,357.01, the S&P 500 (SPI:SP500) inched up 0.23 points or…
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Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More
Starbucks (NASDAQ:SBUX) – Activist fund Starboard Value has acquired a stake in Starbucks and wants the company to take steps to boost its stock price. The size of the stake and specific demands were not disclosed. Starboard has not yet made formal demands. Shares rose 2.9% pre-market. Walt Disney (NYSE:DIS) – At the D23 convention,…
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U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday but managed to end the day mostly higher. The major averages finished the session off their highs of the day but still in positive territory. The Dow edged up 51.05 points or 0.1 percent to 39,497.54, the…
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TSMC July Revenue Surges 45%, Nasdaq Accelerates Penny Stock Delistings, Moody’s Downgrades Intel to BAA1, and More
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC’s revenue rose 45% in July, indicating strong demand for AI chips, with sales reaching NT$ 256.95 billion. Analysts expect 37% growth in the third quarter, but concerns about future technology and the global economy affected the company’s stock. Shares rose 2.8% in pre-market trading. Intel (NASDAQ:INTC), Moody’s (NYSE:MCO)…
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Pullback By Jobless Claims Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Thursday, with the major averages more than offsetting the downturn seen over the course of the previous session. The major averages surged early in the session and saw further upside as the day progressed. The major averages moved roughly sideways going into the close, hovering near their best…
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Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback
Intel (NASDAQ:INTC) – Intel was sued by shareholders who allege the company concealed financial problems that led to poor results, layoffs, and dividend suspension, resulting in a $32 billion market value loss in a single day. The lawsuit, filed in San Francisco, accuses Intel of misleading information that inflated stock prices. Since the bad news,…
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U.S. Stocks Move Back To The Downside After Initially Extending Yesterday’s Rebound
After extending yesterday’s rebound early in the session, stocks gave back ground over the course of the trading day on Wednesday. The major averages pulled back well off their early highs and into negative territory. The major averages ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1…